Facebook is planning to rebrand the company with a new name


Facebook is planning to rebrand itself with a new name next week to reflect its focus on building the metaverse. The rebranding would reportedly position Facebook’s social media app as one of many products under a parent company, which will oversee groups like Instagram, WhatsApp and more. Facebook isn’t the first well-known tech company to change its company name as its ambitions expand. In 2015, Google reorganized entirely under a holding company called Alphabet and Snapchat rebranded to Snap Inc. in 2016.